Gold edges higher amid rising US Treasury yields
Spot gold rises as fears over recovery of global economy support safe haven assets
28 August 2020 - 07:44
Bengaluru — Gold rose on Friday, having declined more than 1% in the previous session, as persistent concerns over the pandemic-led economic slump boosted the metal’s appeal, though gains were restricted by a jump in US Treasury yields.
Spot gold was up 0.4% at $1,936.64/oz by 3.16am GMT. US gold futures rose 0.6% to $1,943.20/oz...
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